Accessibility Links

Shenzhen Expats Service

WFOE Registration in Shenzhen

Shenzhen WFOE Registration Service Hotline:86-755-82143512,Email:tannet-solution@hotmail.com

The Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for manufacturing activities that were either export orientated or introduced advanced technology. However, with China's entrance into the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well.

A WFOE does not include branches established in China by foreign enterprises and other foreign economic organizations. The Chinese Laws on WFOE do not have a clear definition of the term of "branches". The term of "branches" should include both the branch companies engaged in operational activities and representative offices, which are generally not engaged in direct business activities.

The advantages of establishing a WFOE, compared with other types of enterprises, include, but not limited to:

(1)Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
(2)Ability to formally carry out business rather than just function as a representative office and being able to issue invoices to their customers in RMB and receive revenues in RMB;
(3)Capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
(4)Protection of intellectual know-how and technology;
(5)No requirement for Import / Export license for its own products;
(6)Full control of human resources
(7)Greater efficiency in operations, management and future development.

Contact Us

If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net  or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to tannet-solution@hotmail.com.




Share

Our Apps

Tannet is pleased to keep you posted anytime and anywhere. Therefore, we launched a series of mobile applications (Apps) for you. You can download our Apps via the following link or contact with us.
Download App

www.investhk.gov.hk Hong Kong